Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers engaging, interactive and informative content to millions of people every day. Its television services include Global, Showcase and YTV. It also owns many radio stations in the major Canadian markets. A recent annual statement of earnings contained the following items (in thousands of Canadian dollars). Solve for the missing amounts and prepare a condensed statement of earnings for the year ended August 31, current year. (Hint: First order the items as they would appear on the statement of earnings and then solve for the missing values.) (Enter your answers in thousands of dollars, not in whole dollars. Loss amounts should be indicated with a minus sign.) Cost of sales Interest expense Net earnings Revenues Depreciation expense Income tax expense Total expenses, excluding income taxes Other expenses and losses General and administrative expenses Earnings before income tax $ 429,585 53,769 157,936 20,800 58,242 1,041,455 137,782 $ 216,178
Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers engaging, interactive and informative content to millions of people every day. Its television services include Global, Showcase and YTV. It also owns many radio stations in the major Canadian markets. A recent annual statement of earnings contained the following items (in thousands of Canadian dollars). Solve for the missing amounts and prepare a condensed statement of earnings for the year ended August 31, current year. (Hint: First order the items as they would appear on the statement of earnings and then solve for the missing values.) (Enter your answers in thousands of dollars, not in whole dollars. Loss amounts should be indicated with a minus sign.) Cost of sales Interest expense Net earnings Revenues Depreciation expense Income tax expense Total expenses, excluding income taxes Other expenses and losses General and administrative expenses Earnings before income tax $ 429,585 53,769 157,936 20,800 58,242 1,041,455 137,782 $ 216,178
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Corus Entertainment Inc. is a Canadian integrated media and entertainment company that delivers engaging, interactive and
informative content to millions of people every day. Its television services include Global, Showcase and YTV. It also owns many radio
stations in the major Canadian markets. A recent annual statement of earnings contained the following items (in thousands of
Canadian dollars). Solve for the missing amounts and prepare a condensed statement of earnings for the year ended August 31,
current year. (Hint: First order the items as they would appear on the statement of earnings and then solve for the missing values.)
(Enter your answers in thousands of dollars, not in whole dollars. Loss amounts should be indicated with a minus sign.)
Cost of sales
Interest expense
Net earnings
Revenues
Depreciation expense
Income tax expense
Total expenses, excluding income taxes
Other expenses and losses
General and administrative expenses
Earnings before income tax
429,585
53,769
157,936
20,800
58,242
1,041,455
137,782
$ 216,178
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